In managing sequence of returns risk, we may not be giving simple rebalancing nearly the credit it deserves to accomplish similar or better than more complex approaches.

The answer seems obvious. But more complicated forces are at work that have reduced real interest rates far below historic norms and may keep them very low for many years.

The media continues to obsess about IS - but the far more investment-relevant development in the Middle East is the sudden return of Libyan crude to the market.

Our Forum Fodder e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. In Fodder this week - Nouriel Roubini, Oliver Hartwich, Charles Gave, Michael Furey & Michael Kitces

The latest food for thought on the markets, strategies & investing...

I don't dispute low vol stocks outperform highly vol stocks. But volatility does not explain all of an asset's risk.

The taboo that savers have to be compensated for handing money to a financial institution has been broken, with the ECB's negative rates finally being passed on to retail clients.

Our Forum Fodder e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. This week's Fodder features three of the giants of the investment industry.

The latest food for thought on the markets, strategies & investing...

Last week's volatility surprised many. How should portfolios be positioned? And what does this recent bout of volatility tell us about the economy and financial markets?

One of the originators of CAPM, Sharpe was awarded the Nobel Prize in economics. I sat down with him to discuss retirement income planning.

Perhaps the most crucial change in our retirement planning language is simply to rename "retirement".

Thomas Piketty's "Capital in the Twenty‐First Century" is certainly the economics book of the year. We have been asked numerous times to appraise his ideas.

Our Forum Fodder e-newsletter alerts Members to what's new on PortfolioConstruction.com.au and live progams. What a week it's been for markets - not surprisingly, this week's Fodder has a distinct markets focus

The German word for what we saw in markets this week is Torschlusspanik. Literally "gate-shut-panic", it describes the nasty crush when everyone rushes at once for an exit.

The latest food for thought on the markets, strategies & investing...

China has about five years to lay the groundwork for the transition to a new monetary policy framework with a currency that is sufficiently flexible.

This particularly relevant review of literature on sequencing risk considers the impact of Australia's age pension on retirement spending strategies.

Relying on Fed tightening to predict the next serious sharemarket weakness may be very dangerous. Perhaps this time really IS different.

Earlier this year, volatility across a whole range of key global assets reached major multi-year lows. But, equity volatility, we expect, has passed it's low for this cycle.